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Dec 25, 2012
12/12
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gerri: did president obama brthe gerri: did president obama breaks the law? federal appeals court p isela deciding who th the presidents appointed to national labor board when the president was on recess was unlawful. because senate republicans say o the senate was in session. the case brought on by a company after the nlrb ruled that the company must enter into collective bargaining agreement on c a labor union. the companies arguing the decision can't be made because the recessca appointments are invalid.igh here to weigh in, legal analyst and, criminal defense attorney. i want to go to you first. at the end of the day this whole thing is just an argument about> was the senate in session or was it not? >> the president may have skirted the law little bit like sidelining it, but did they cross over theine? no. does this happen all the time?li yes. itss does. t >>he the skirted the law like im wearing a skirt. gerri: that would be known. >> let's take a step back and design for this was to do. the founding fathers said look, if you have to make a temporaryr a
gerri: did president obama brthe gerri: did president obama breaks the law? federal appeals court p isela deciding who th the presidents appointed to national labor board when the president was on recess was unlawful. because senate republicans say o the senate was in session. the case brought on by a company after the nlrb ruled that the company must enter into collective bargaining agreement on c a labor union. the companies arguing the decision can't be made because the recessca appointments...
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Dec 22, 2012
12/12
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president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, ng some careless, maybe reached the fiscal cliff deal. how speaker ohn boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on repub
president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, ng some careless, maybe reached the fiscal cliff deal. how speaker ohn boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say...
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Dec 22, 2012
12/12
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ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the pone t
ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe...
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Dec 24, 2012
12/12
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speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house spokesperson says discussions continue between the administration and capitol hill. in july you may recall senate democrats passed an extension of the middle-class tax codes for the year. those folks making less than $250,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report
speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker...
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Dec 22, 2012
12/12
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the real problem is the guy who was visiting a obama in the white housjust a fewutes ago. mr. harry reid. the senate has not passed a buet more than three years. the senate has not passed anything on the fiscal cli greathouse have something with economics. all the senate has to do is pass something and they can go to a conference committee to get the whole thing ironed out. i think kerry reid and the senate and obaa, because the democrats in the senate are doing bidding, that is where the real obstacles to getting something done. >> there was a perception created that the vote last night would increase taxes. now, i disagree with that characterization. but that impression is out there. the number of our members w just really didn't want tobe perceived as havinto raise taxes. that was the real issue. gerri: in some ways he was talking about grov norquist. the man it is about this tax pledge where is the common ground there? >> the reason that we have a plan be now is because the houses are devoted to pass all of the bill. gerri: b how do you find common ground there? them and t
the real problem is the guy who was visiting a obama in the white housjust a fewutes ago. mr. harry reid. the senate has not passed a buet more than three years. the senate has not passed anything on the fiscal cli greathouse have something with economics. all the senate has to do is pass something and they can go to a conference committee to get the whole thing ironed out. i think kerry reid and the senate and obaa, because the democrats in the senate are doing bidding, that is where the real...
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Dec 24, 2012
12/12
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president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue out there. a lot of projections are, if carbon is at $20 per ton of carbon, it could generate roughly a trillion dollars over the next ten years, of course, that figure of $20 would increase, but i think it's pretty tough for republicans to swallow another trillion dollars in revenue from a carbon tax, so i don't think it's very likely to get 60 votes in the senate or for speaker boehner from ohio which is a big coal producing area, which would be hit the hardest by a carbon tax, i don't think it's likely he would bring that up for a vote. david: here is another scenario though. the preside
president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue...
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Dec 28, 2012
12/12
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they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way going forward. >> wait for the first paycheck, it's going to be lower. >> see what happens monday morning, dying to see what happens this weekend. >> yeah, because they are meeting this weekend. >> oh, are they meeting? dagen, it's yours. >> when you are outraged, you sound authoritative. i sound like a crazy red neck. i need your help. putting the band back together, the president hosting party leaders at the white house trying to find middle ground on dealing with the coming tax increases and spending cuts. the damage done already to american business, uncertainty and looming tax burden has owners up in
they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way...
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Dec 26, 2012
12/12
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bottom line, obama's talking redistribution. the republicans are just getting moved by a president who is playing political games with them. david: when you say republicans didn't come out with a plan to stimulate the economy. republicans don't believe the government can stimulate the economy. what could they have done? >> what you have been talking about for years a strategy using a tax system to stimulate economic activity through a series of lower tax initiatives that would offer the prospect for growth, a la jack kemp. liz: but keeping the bush rates for the middle class, that helps the middle class, that's a g.o.p. victory there. i will tell you say something, what the g.o.p. is fearful of getting rather pregnant as pelosi says with their tax rate being lowered is defeat, giving birth to an electoral defeat if they go along with these tax hikes that the white house wants. doug, i have to tell you something, we still have a debt ceiling fight coming at us in march. is the g.o.p. right to stand their ground and say no tax hik
bottom line, obama's talking redistribution. the republicans are just getting moved by a president who is playing political games with them. david: when you say republicans didn't come out with a plan to stimulate the economy. republicans don't believe the government can stimulate the economy. what could they have done? >> what you have been talking about for years a strategy using a tax system to stimulate economic activity through a series of lower tax initiatives that would offer the...
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Dec 28, 2012
12/12
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perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year e
perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both...
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Dec 27, 2012
12/12
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tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their consciences, out wherever they are around the country and we are here trying to get something done. >> response from the speaker's office saying senator har
tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol...
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Dec 28, 2012
12/12
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but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly think that we will see more lower prices in the market
but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it...
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Dec 24, 2012
12/12
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moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading debacle." ceo jamie dimon took a trip to capitol hill for a testimony where he told senators that the indus
moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed...
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Dec 26, 2012
12/12
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president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight
president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check...
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Dec 27, 2012
12/12
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remember, that's why president obama was talking about my 2 k. he wanted to get the middle class to weigh in on the tax debate. that's how much they'll be paying. if you make a little bit over $100,000, you'll see an average hike of $3500. let's get to the higher category and income earner. households making half a million a year, they'll contribute about $15,000 a more. of course they're the top earners, the .1%, on average they'll see hikes of more than $633,000. income taxes are not the only major issues here. we go over the cliff, the tax rate on most capital gains would go from 15 to 20%. dividends would now be taxed like regular income instead of capital ganls. the inheritance tax, that would go from 35% on estates over $5 million to 55% on estates over a million bucks. so a lot of implications here not just on regular income taxes. michelle. >> got it, jackie. good way to lay out the situation. investors acting on their fiscal cliff nerves. this is the first time since the dow has dipped. a deal has been priced in. a lot of people thought
remember, that's why president obama was talking about my 2 k. he wanted to get the middle class to weigh in on the tax debate. that's how much they'll be paying. if you make a little bit over $100,000, you'll see an average hike of $3500. let's get to the higher category and income earner. households making half a million a year, they'll contribute about $15,000 a more. of course they're the top earners, the .1%, on average they'll see hikes of more than $633,000. income taxes are not the only...
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Dec 24, 2012
12/12
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KRON
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president obama and congress are on christmas vacation. it will be thursday before talks will resume to try to prevent automatic tax hikes and spending cuts from taking effect january 1st. andrew spencer has the latest. >> this is the first time that i feel that it is more likely that will go over the cliff that not. if we allow this to happen it will be the most colossal consequence so act congressionally. this will be very irresponsible. >> president obama stated that he will cut his vacation short to try to handle this. the deadline is just a week away. >> a programming reminder to catch dr. phil right after the kron4 morning news at 10:00 a.m.. we will be right back. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotte
president obama and congress are on christmas vacation. it will be thursday before talks will resume to try to prevent automatic tax hikes and spending cuts from taking effect january 1st. andrew spencer has the latest. >> this is the first time that i feel that it is more likely that will go over the cliff that not. if we allow this to happen it will be the most colossal consequence so act congressionally. this will be very irresponsible. >> president obama stated that he will cut...
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Dec 27, 2012
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. >> i'm a little frustrated at the situation we find ourselves in, and the last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i would say we're frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months, a plan that would simplify the tax code and shrink the deficit, protect the taxpayers and grow the economy. democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got re-elected and congressional democrats sat on their hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. the phone never rang, and so now here we are five days from the new year, and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal, and if they had something to fit the bill, i'm sure the majority leader
. >> i'm a little frustrated at the situation we find ourselves in, and the last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i would say we're frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months, a plan that would simplify the tax code and shrink the deficit, protect the taxpayers and grow...
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Dec 27, 2012
12/12
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the put us in massive debt, left it on obama. -- he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increased dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. theses why we're getting massive deficits today. we have never had anything like this without a major war. you can rightly wrap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to read and counto account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, which your flat tax treat capital gains as income? guest: my proposal would not
the put us in massive debt, left it on obama. -- he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increased dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the...
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Dec 24, 2012
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president obama and congress are on christmas vacation. it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to decrease another 2-point- 5 percent. previous expectations were for a 3-point-3 percent increase in spending. the saint anthony foundation needs help to reach its goal of collecting 5-hundred hams during the 25th annual curbside donation drive. according to the foundation, they collected a hundred hams. that's just 20-percent of their goal. the foundation hoped to get another 400 hams sunday and today. if you would like to donate a ham you can do so at the drive. located in front of saint anthony's i
president obama and congress are on christmas vacation. it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th....
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Dec 26, 2012
12/12
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you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what i've been dealing with all day. you look at the chart. we've been in a pretty well defined trend channel for a month or so. right now we've come to the top of it. the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge t
you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what...
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Dec 28, 2012
12/12
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president obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the first move. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is re
president obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be...
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Dec 24, 2012
12/12
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we heard president obama on friday handed what we might call a bare bones plan c ahead of january first. extension of the bush tax cuts for those making $250,000 or less and an extension of unemployment benefits. while it could be a quick turn-around from that hawaiian vacation for president obama and congressional leaders, expectations they could be back in washington later this week, all eyes now on the senate where republicans are split on whether it's possible to make a deal with the obama white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> as a practical m
we heard president obama on friday handed what we might call a bare bones plan c ahead of january first. extension of the bush tax cuts for those making $250,000 or less and an extension of unemployment benefits. while it could be a quick turn-around from that hawaiian vacation for president obama and congressional leaders, expectations they could be back in washington later this week, all eyes now on the senate where republicans are split on whether it's possible to make a deal with the obama...
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Dec 26, 2012
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president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones, so, there's doubtless conversations going on. senate doesn't get back until late tomorrow. president gets back late tomorrow. the house is not back, but all of the leadership types, all the important players in any potential resolution of this are going to be in contact with one another and the likelihood that they will be in contact increases with every passing hour. >> john, stick around. i want to bring in anthony, who is on the desk here tonight. he was on the finance committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've t
president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones,...
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Dec 30, 2012
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president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. le
president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama....
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Dec 22, 2012
12/12
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president obama here in hawaii. the next step will be for the senate to reconvene, which it's scheduled to do december 27th. till then, it's up to the white house to try to work out a situation at least on the tax cuts that are set to expire at the end of the year, work out a deal with the senate majority leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only republican support but democratic support, as well. and the president holding out hope this could happen. take a listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. call me a hopeless optimist. but i actually still think we can get it done. >> but the chances of getting something big done that deals with the fiscal health of the country, miguel, out the window at this point. this is something we're talking about to deal just with those tax cut
president obama here in hawaii. the next step will be for the senate to reconvene, which it's scheduled to do december 27th. till then, it's up to the white house to try to work out a situation at least on the tax cuts that are set to expire at the end of the year, work out a deal with the senate majority leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only...
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Dec 30, 2012
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president obama was on "meet the press" today andy said the pressure is on congress. on friday, he was optimistic after meeting with congressional leaders, but if they cannot come up to an agreement he wants the senate to put in a bill. live coverage bomb the -- of the senate on c-span 2. returning at 2:00 p.m. eastern in the house with boats as early as 6:30 p.m. -- votes as early as 6:30. you can watch a live house coverage iran c-span. more on the fiscal cliff from this morning's "washington journal." host: our topic is the fiscal cliff. of we have done for last several sundays, we welcome the policy director for the concord coalition and a columnist for roll call newspaper. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state t
president obama was on "meet the press" today andy said the pressure is on congress. on friday, he was optimistic after meeting with congressional leaders, but if they cannot come up to an agreement he wants the senate to put in a bill. live coverage bomb the -- of the senate on c-span 2. returning at 2:00 p.m. eastern in the house with boats as early as 6:30 p.m. -- votes as early as 6:30. you can watch a live house coverage iran c-span. more on the fiscal cliff from this morning's...
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Dec 26, 2012
12/12
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president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour? "youngblood?" >> i don't know this song. ♪ >> futures are higher not as much as before. 17 points or so. being up at all with the fiscal cliff really looking like we're -- why wouldn't we head over. you go back to 39.6 on anybody 250 and above and ride in and lower taxes and be a hero. see republicans vote against that. >>> pre-christmas shopping rush wasn't much of a rush at all, at least not the type economists were expecting. a mastercard spending poll reports holiday sales were up .7 of a percent a year ago well below expectations. and we'll get a fresh read also on home prices wh
president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour?...
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Dec 30, 2012
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the obama statement was -- many of my plans will cost money. he will pay for every dime by closing tax loopholes. "i will also go to the federal budget, line by line, eliminating programs that no longer work. because we cannot meet 21st century challenges with 20 a century bureaucracy. >> how would you rate the completion record on that? caller: i am not a real political person. i have not seen anything being done. there is just so much waste in the government, and they are asking people to, responsibly, fiscally, on their own, pay for this mess? >> we will take a look at your twitter messages in a moment. what is ahead for the fiscal cliff? some scary fiscal forces coming together -- >> a couple of quick look at twitter messages. >> another twitter message from barbara lee, texas. >> some levity to the situation from susan, who says -- >> you can see all the latest twitter messages on c-span. -- c-span.org. lisa, what is the latest between the majority leader and mitch mcconnell? >> there is a flurry of activity as congress convenes for this r
the obama statement was -- many of my plans will cost money. he will pay for every dime by closing tax loopholes. "i will also go to the federal budget, line by line, eliminating programs that no longer work. because we cannot meet 21st century challenges with 20 a century bureaucracy. >> how would you rate the completion record on that? caller: i am not a real political person. i have not seen anything being done. there is just so much waste in the government, and they are asking...
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Dec 27, 2012
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a little bit of her statement -- "i want to thank president obama for the honor he bestowed on me and the confidence he placed in me four years ago this month when he announced my position as the environmental protection agency administrator. there is much more on the agenda -- air pollution, toxic channel -- a toxic chemicals, children's health issues, and justice for the committees to bear a disproportionate risk. i will leave the epa confident that the ship is sailing in the right direction and ready in my own life for new challenges, time with my family, and our person of jesus to make a difference. -- and new opportunities to make a difference. -- and new opportunities to make a difference." that is from lisa jackson, leaving the obama administration in january. >> whether it is different this time than it has ever been before, i believe the republican party has a platform that is a banner of bold, unmistakable colors and no pale shades. >> you see the evolution of reagan, in his mind, his philosophy as a politician. he talks in this speech about hope and he talks about a future
a little bit of her statement -- "i want to thank president obama for the honor he bestowed on me and the confidence he placed in me four years ago this month when he announced my position as the environmental protection agency administrator. there is much more on the agenda -- air pollution, toxic channel -- a toxic chemicals, children's health issues, and justice for the committees to bear a disproportionate risk. i will leave the epa confident that the ship is sailing in the right...
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Dec 26, 2012
12/12
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christmas celebrations were cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a ro
christmas celebrations were cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous...
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Dec 24, 2012
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. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for
. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner --...
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Dec 27, 2012
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he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increase dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. that is why we're getting these massive deficits today. we have never had anything like this without a major war. you can rightly rap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, would your flat tax treat capital gains as income? guest: my proposal would not. if you ge
he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increase dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without...
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Dec 22, 2012
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stay tuned for that. >> vacation time for president obama and the first family. could it have come at a worse time? we're 10 days from falling off the fiscal cliff and no deal in sight. >> peter doocy joins us live from washington with the very latest as we see video of the president hopping on board air force one, right? >> that's right, clayton. president obama popped in to the james brady briefing room at the white house yesterday at about 5:30 and basically said that since the american people in november voted for democratic control of the white house and the senate and republican control of the house. lawmakers need to compromise but he also made clear as of right now when it comes to the fiscal cliff and avoiding it, there is no deal. >> so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. enjoy company of loved ones. and then i would ask every member of congress while they're b
stay tuned for that. >> vacation time for president obama and the first family. could it have come at a worse time? we're 10 days from falling off the fiscal cliff and no deal in sight. >> peter doocy joins us live from washington with the very latest as we see video of the president hopping on board air force one, right? >> that's right, clayton. president obama popped in to the james brady briefing room at the white house yesterday at about 5:30 and basically said that since...
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Dec 29, 2012
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. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permi
. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid...
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Dec 27, 2012
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obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are going to have to come to a deal behind closed doors and announce it publicly, it is going to have to survive the vetting it gets publicly and then it's going to have the votes in both the house and the senate, which are very different bodies, one controlled by republican, the other controlled by democrats and that's going to be a very dicy thing to do but it's going to be a moment of high drama if we get a between now and monday. >> his point about proceed yours is a good one. the president spoke to the business roundtable the other day as you recall, eamon, even if you got
obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are...
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Dec 28, 2012
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this afternoon president obama whim wil set down with congressional leaders at the white house for a last ditch effort to avoid going over the fiscal cliff. the hope is both sides can agree to a compromise to prevent the economy from sliding back into recession. judging from the rhetoric on capitol hill, there's a long way to go. here's the day on the hill. >> if we go over the cliff we'll be left with the knowledge that could have been prevented with a single vote in the republican-controlled house of representatives. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker not allowing the vast majority of the house representatives to get what they want. >> we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> it is somewhat like taking your child hostag
this afternoon president obama whim wil set down with congressional leaders at the white house for a last ditch effort to avoid going over the fiscal cliff. the hope is both sides can agree to a compromise to prevent the economy from sliding back into recession. judging from the rhetoric on capitol hill, there's a long way to go. here's the day on the hill. >> if we go over the cliff we'll be left with the knowledge that could have been prevented with a single vote in the...
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Dec 27, 2012
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it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he has not spoken since. he is having a nice holiday. and then there was papandreou. who was a 2006. who unfortunately, he did not see the crisis of the eurozone collapsing. the eurozone had no foundation. there was an earthquake. now, let's say between 1995 and 2008 god and his angels descended on an athens and ran the show. with rationality, omniscience, ethos, and morality. greece would not have been the first domino to fall. but it would have been the third. grace would have fallen after ireland or possibly after portugal. it was never designed to sustain a crisis like 2008. we were doomed. finally, the united states that we know today is the result of the crisis of the 19th century and the early 20th century. 1 very preciously saw the crisis -- and still there is a commonality of debt, and effective recycling of debt, the road be no such thing as a nation that was sustainable. you had a crisis that l
it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he has not spoken since. he is having a nice holiday. and then there was papandreou. who was a 2006. who unfortunately, he did not see the crisis of the eurozone collapsing. the eurozone had no foundation. there was an earthquake. now, let's say between 1995 and 2008 god and his angels descended on an athens and ran the show. with rationality, omniscience,...